CHIC Cranes for Zvezda Shipbuilding Complex
Contracts for unique equipment supplies were awarded during the visit of Rosneft Chairman of the Management Board Igor Sechin to China. Zvezda Far East Shipyard and Nantong COSCO Heavy Industry Co.…
Wärtsilä, SDARI Join Forces
Wärtsilä's Ship Design unit has entered into a cooperation agreement with Chinese ship design house Shanghai Merchant Ship Design & Research Institute (SDARI). SDARI…
Austal Bags Further $14 mln USN's LCS Contract
Austal USA was awarded a $14 million Littoral Combat Ship contract modification by the U.S. Navy to conduct special studies and analyses, the Navy announced this week.
Mishap Aboard Ike Injures Sailors
Eight Sailors aboard the Norfolk-based aircraft carrier USS Dwight D. Eisenhower (CVN 69) were injured when an arresting gear parted during a routine landing by an E-2C Hawkeye aircraft.
Ocean Equipment debuts NavPods Gen3
Ocean Equipment, manufacturer of high-quality waterproof housings for marine electronics, announced today the completion of its newly redesigned and retooled NavPods for the 2016 model year.
Newest Washington State Ferry: M/V Suquamish
On Wednesday, the Washington State Transportation Commission announced that the fourth ferry in our Olympic Class will be named Suquamish. Ferry names were suggested through a public process…
MarineMax Expands into Yacht Management, Placement, Chartering
At a special press event held at the Palm Beach International Boat Show, MarineMax announced today that they are expanding into yacht management, crew placement and charter of luxury megayachts.
BSEE, NASA to Examine Offshore Risks
The Bureau of Safety and Environmental Enforcement (BSEE) and The National Aeronautics and Space Administration (NASA) have announced a five-year agreement allowing…
Gothenburg Port's Second Oil Storage Cavern Commissioned
A new underground cavern is being brought into operation at the Port of Gothenburg. The cavern is 600,000 cubic metres in size and will be used for interim storage of crude oil.
Indian Maritime Development Can Create 10 Million Jobs
Indian minister for shipping Nitin Gadkari has said port and shipping sector has potential to create nearly 4 million direct jobs and 6 million indirect employment opportunities over the next 5 years.
Skangas Aquires Risavika LNG
Skangas, a unit of Gasum, signed a deal with Lyse Group to acquire the Risavika liquefied natural gas (LNG)production facility in Norway. The acquisition of the…
Singapore Reaffirms Anti-Piracy Role
The Maritime and Port Authority of Singapore (MPA) Thursday reaffirmed its support for Regional Cooperation Agreement on Combating Piracy and Armed Robbery (ReCAAP)…
APM Terminals Readies Lázaro Cárdenas TEC2
APM Terminals (APMT) is continuing with its new deep-water semi-automated Lázaro Cárdenas Terminal 2 (TEC2) project, which represents an overall investment of US$900 million…
Silver Lining for Prospects in Tanker Demolition
The Gibson tanker report reflects on the subject of tanker demolition which is always topical, particularly now after several years of robust investment in new tonnage. With exception of Handy/MRs, the orderbook in percentage terms relative to the existing fleet is quite substantial, starting from 17% for LR1/Panamaxes up to 24% for Suezmaxes at the top. The pace of deliveries will accelerate this year, and even more additions to the market are expected in 2017, to highs not seen since 2009/11.
Liner Shipping: Is There a Way for More Competition?
With around 80 per cent of global trade by volume and over 70 per cent of global trade by value carried by sea, and with these shares being even higher in the case of most developing countries…
Turkey Detains 1,734 migrants, 16 Smugglers
A total of 1,734 migrants and 16 people smugglers were detained by Turkish coastguard and gendarmerie in an operation on Friday, security forces said in a statement…
Prices Ease Though Argentine Demand Limits Losses
Argentina tenders for 19 cargoes. Asian spot prices for liquefied natural gas (LNG) eased under pressure from growing supplies though fresh demand from Argentina limited losses, traders said.
Oil Spill Response: Responder Immunity Analyzed
On February 16, 2016, Judge Carl J. Barbier of the United States District Court for the Eastern District of Louisiana granted summary judgment in favor of the various…
Shipbuilding: General Dynamics NASSCO Wins Navy Deal
General Dynamics NASSCO has been awarded a contract by the U.S. Navy to support amphibious warfare and surface combatant ships home-ported in the Port of San Diego.
Turkish Authorities Intercept Hundreds of Migrants Trying to Cross Aegean
Turkish authorities intercepted hundreds of migrants trying to reach the Greek island of Lesbos on Friday, in a major operation involving coastguard ships and helicopters…
